Amber Shane - Coldwell Banker Advantage Logo
$1,800,000
 $10,220 est/mo Sourced by Back At You

550 E Jones Street,Raleigh, NC 27601

Raleigh, NC 27601

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Description

Rare opportunity to acquire two Historic Oakwood adjacent lots in Downtown Raleigh with strong redevelopment potential. Preliminary review suggests the parcels may be suitable for subdivision into as many as four residential lots, creating an attractive opportunity for builders, developers, or investors. Buyer is solely responsible for conducting all due diligence and confirming subdivision feasibility, zoning compliance, utility availability, and all applicable governmental approvals. 550 E Jones St. and the neighboring 552 E Jones St. are being listed together and are being sold together for a total asking price of $1,800,000 for .43 acres in the Highly Desirable neighborhood of Historic Oakwood in Downtown Raleigh.

Details

MLS #10172633
Listing TypeFor Lease
StatusActive
Days On Site120
Listing Provided BySteeloak Residential LLC | John Anton

Features

ZoningR-10
Acreage0.14
Property ViewCity, Neighborhood

Exterior

Lot FeaturesBack Yard, City Lot, Hardwood Trees, Interior Lot, Rectangular Lot, Driveway, Sidewalks, None
ViewCity, Neighborhood
Horse AmenitiesNone

Utilities

UtilitiesCable Available, Electricity Connected, Phone Available, Sewer Connected
SewerPublic Sewer

Taxes

Tax Assessed Value450783
Tax Legal Description550 E Jones Street
Tax Year2026

Area Information

StateNC
CountyWake
CityRaleigh
Zip Code27601
AreaWake
Community NameHistoric Oakwood
School DistrictWake - Needham Broughton High
Elementary SchoolWake - Conn Elementary
High SchoolWake - Needham Broughton High
Listing VS Median (in Historic Oakwood)
Price:
$1,800,000
low | high
Med:
$849,900
100% of Average
On site:
120
low | high
Med:
73.5
100% of Average
Sourced by Back At You

Market Activity 27601

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Contact

Learn More About This Property

Amber Shane

Amber Shane

Coldwell Banker Advantage

 (910) 493-0080ashane@homescba.com
StateNC
CountyWake
CityRaleigh
Zip Code27601
AreaWake
Community NameHistoric Oakwood
School DistrictWake - Needham Broughton High
Elementary SchoolWake - Conn Elementary
High SchoolWake - Needham Broughton High
Listing VS Median (in Historic Oakwood)
Price:
$1,800,000
low | high
Med:
$849,900
100% of Average
On site:
120
low | high
Med:
73.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.35M - $2.25M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
550 E Edenton Street Property Photo 1
$1,589,000
550 E Edenton Street
Raleigh, NC 27601
Listing Updated: September 29, 2026 at 9:30:24 AM PDT